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RESIDUE

(A) See residuary estate. (B) That which remains of something after taking away a part of it; as, the residue of an estate, which is what has not been particularly devised by will. 2. A will bequeathing the general residue of personal property, passes to the residuary legatee everything not otherwise effectually disposed of and it makes no difference whether a legacy falls into the estate by lapse, or as void at law, the next of kin is equally excluded.

Law Dictionary – Alternative Legal Definition

The surplus of a testator’s estate remaining after all the debts and particular legacies have been discharged. 2 BL Comm. 514. The “residue” of a testator’s estate and effects means what is left after all liabilities are discharged, and all the purposes of the testator, specifically expressed in his will, are carried into effect.

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